Abstract
The usual method of evaluating the output of an institution of higher education is to ask knowledgeable people their opinions of its quality. This paper uses several measures of the quality of MBA programs to compare with student capability measures and the salary of graduates. A high correlation among all these measures is found. Because these do not measure the true product of the institution which is the value added, another measure is sought. The measure proposed for determining the value added is shown to be uncorrelated with the standard quality measures.
Get full access to this article
View all access options for this article.